https://www.taxtmi.com/caselaws?id=59399 The Tribunal dismissed the Revenue's appeal regarding the deletion of expenditure incurred for earning dividend income under Section 14A of the IT Act, supporting the CIT(A)'s decision due to lack of evidence that investments were made from borrowed funds. On adjustments in opening stock due to unutilized Cenvat, the Tribunal upheld the CIT(A)'s directive to adjust the opening stock in line with Section 145A, dismissing the Revenue's appeal. Regarding MAT liability under Section 115JB, the Tribunal remitted the matter to the AO to verify the deduction claim, partly allowing the assessee's appeal for statistical purposes. en-us Thu, 11 Sep 2008 00:00:00 +0530 Sat, 09 Dec 2023 20:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59399 The Tribunal dismissed the Revenue's appeal regarding the deletion of expenditure incurred for earning dividend income under Section 14A of the IT Act, supporting the CIT(A)'s decision due to lack of evidence that investments were made from borrowed funds. On adjustments in opening stock due to unutilized Cenvat, the Tribunal upheld the CIT(A)'s directive to adjust the opening stock in line with Section 145A, dismissing the Revenue's appeal. Regarding MAT liability under Section 115JB, the Tribunal remitted the matter to the AO to verify the deduction claim, partly allowing the assessee's appeal for statistical purposes. Case-Laws Income Tax Thu, 11 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59399